Robertson Group unveils £6.5m pre tax profit

Infrastructure, support services and construction firm Robertson Group has released its annual results for the year ending 4 April 2011, posting a pre tax profit of £6.5m.   

Turnover at the group increased by 5% to £205m during the year.

The firm currently has ten Robertson business units with 1,100 employees throughout the UK and Ireland.

Chairman Bill Robertson said: “I’m delighted to present a positive set of results for Robertson Group in what has been an exceptionally challenging trading period. We are near to concluding a three year programme of change to reshape and refocus the group in response to a rapidly changing marketplace, and an uncertain economic outlook.

“To simplify the group structure and improve the transparency of financial reporting to our stakeholders, we took the decision to consolidate all of the group’s core trading businesses under the single entity Robertson Group, and our latest results reflect that change.”

Robertson said the firm has reduced its involvement in house building and property development to reflect prevailing market conditions, adding that these skills are now being directed towards regeneration services instead.

Robertson Group has agreed a further two year extension to its main banking facilities with RBS.

Addressing the company’s future prospects, Robertson said: “As a group we’re relatively well protected from short term market volatility by virtue of our diverse portfolio and the long term nature of a number of our investments and operating contracts, a factor that has served us well through the current recession.

“We operate throughout the UK and have substantial investments in 63 schools and 11 hospitals as well as numerous community based facilities. Our facilities management (FM) business continues to grow and now employs 600 people and has secured pipeline of contracts totalling around £1bn over the next 25 years.

“In construction we have continued to make excellent progress further growing the business by securing a number of major projects, such as the new £80m Aberdeen Emergency Care Centre, and a £42m whisky warehouse refurbishment for Chivas Brothers at Mulben.”